Active
150 Cress Street
LAGUNA BEACH CA, 92651
$8,995,000
$3,124.35 per sqft
Active
8 Beds
6 Baths
2,879 sqft
Multi-family
Built in 1955
Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" is a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep, or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your guests are drawn back to the enchanting Villas of Laguna Vista time and again, a testament to the property s undeniable allure and year-round demand. Seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. This is also a Luxury Builders Dream, value could come within striking distance of $20,000,000 with the addition of a second story. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
OC25017354MR
MLSⓇ ID
February 5, 2025
Listed
February 22, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
6
Full Bathrooms
5
Half Bathrooms
1
Laundry Description
Laundry Closet Stacked, Stackable W/D Hookup
Fireplace
Yes
Fireplace Description
Family Room
Cooling
Yes
Cooling Description
Ductless
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
In Street Paid
School Information
School District
Laguna Beach Unified
Other Property Details
Area Name
Laguna Village
Days on Market
16
Garage
Yes
Garage Spaces
3
Parking Total
3
View
Yes
View Description
Ocean
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
2/6/2025 | Active | — |
Listed by Derek Larson with Derek Lee Larson
Listing Contact: 949-677-4121
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lucas Schelkens shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 2/22/2025